HDFC Bank valued at $22.70 billion

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Mumbai: Largest private sector lender HDFC Bank has emerged as the most valued Indian brand at $22.70 billion. The list of top ten brands, prepared by the world’s largest media buyer WPP, includes companies from banking, financial services, and insurance, telecom and auto segments.

A brand’s overall fortunes had a direct bearing on the brand valuations, as seen in the telecom space, where Airtel’s value fell by 10 per cent to $10 billion, while Reliance Jio’s value went up by 34 per cent to $5.47 billion. The Mukesh Ambani-run largest telco was placed ninth in the list of brands, while the second-largest telecom firm was still holding to the fourth place.

Among the state-run companies, insurance behemoth LIC was placed second, valued at $20 billion with a 2 per cent growth, while banking giant SBI was fifth at $8.40 billion with a surge of 7 per cent. The slowdown in the auto sector seemed to be playing on the valuations of largest carmaker Maruti Suzuki, which had its brand value come down by 14 per cent to $5.93 billion.